Business
Farewell Afterpay, Australia loses its homegrown tech giant to the US – Sydney Morning Herald
The US is the outsized toddler within Afterpay’s global business and is now the largest contributor to underlying sales.
Australia, having fulfilled its role as the incubator for buy now, pay later companies, will soon watch them hatch, leave the nest and venture to the US. The first to take flight will be the oldest of the batch – Afterpay.
It wont be the last as speculation has been swirling that Zip, which runs second to Afterpay in Australian market share, is also taking a look at listing on the US stock market.
For BNPL firms the tech-heavy Nasdaq exchange is the perfect spot to make a home. It is brimming with…
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